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What is the process of acquiring FWB for new members and who currently holds the one million FWB tokens?

Raihan Anwar

Co-founder at Friends with Benefits

Raihan: That initial one million FWB -- we had to mint it. That was a hit. Anyone creating a social token or another alternative currency has to mint their currency to make it visible on the blockchain. From there, if you as an interested speculator want to buy FWB, you can do so through Uniswap. There are a variety of different exchanges, but for a few different reasons FWB is on Uniswap for trading, and we offer rewards for liquidity providers through Uniswap. What it means to be a liquidity provider is you stake Ethereum in the equivalent amount of FWB token, and as a result of providing this liquidity, you get a cut of every transaction. I think it's a third of a percentage point. The token itself is publicly tradable.

Find this answer in Q&A with Raihan Anwar and Colby Holliday from Friends with Benefits
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